Oil approaches 2015 highs on fewer U.S. rigs, OPEC

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Oil approaches 2015 highs on fewer U.S. rigs, OPEC

08 January 2018, Singapore/London — Oil prices rose on Monday, coming close to new three-year highs on a slight decline in the number of U.S. rigs drilling for new production and sustained OPEC output cuts. U.S. West Texas Intermediate (WTI) crude futures CLc1 had risen to $61.94 a barrel by 1140 GMT, 50 cents above …

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